BWX Technologies, Inc. (NYSE:BWXT) Plans Quarterly Dividend of $0.24

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) announced a quarterly dividend on Tuesday, May 7th, Wall Street Journal reports. Stockholders of record on Friday, May 17th will be given a dividend of 0.24 per share by the technology company on Thursday, June 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, May 16th.

BWX Technologies has raised its dividend payment by an average of 6.6% per year over the last three years and has raised its dividend annually for the last 9 consecutive years. BWX Technologies has a payout ratio of 28.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BWX Technologies to earn $3.44 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 27.9%.

BWX Technologies Stock Performance

BWXT stock traded down $11.82 during midday trading on Tuesday, reaching $87.06. The stock had a trading volume of 1,982,882 shares, compared to its average volume of 620,110. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.18 and a current ratio of 2.18. The firm has a fifty day simple moving average of $98.77 and a two-hundred day simple moving average of $86.32. The stock has a market cap of $7.96 billion, a PE ratio of 32.36, a P/E/G ratio of 3.10 and a beta of 0.75. BWX Technologies has a 52-week low of $60.17 and a 52-week high of $107.18.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.09. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The firm had revenue of $603.97 million during the quarter, compared to analysts' expectations of $599.92 million. During the same period last year, the business posted $0.70 earnings per share. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that BWX Technologies will post 3.14 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com lowered BWX Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, March 12th. Bank of America raised their price objective on shares of BWX Technologies from $82.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, March 28th. Truist Financial reaffirmed a "hold" rating and set a $95.00 target price (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of BWX Technologies from $111.00 to $110.00 and set a "buy" rating for the company in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $92.43.

BWX Technologies Company Profile

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.